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Nov 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-10-11
UK probe into Fox-Sky deal to assess Murdoch influence

UK probe into Fox-Sky deal to assess Murdoch influence

A UK investigation into a planned takeover of TV giant Sky by Rupert Murdoch's 21st Century Fox will assess the tycoon's influence on the country's political landscape, regulators said Tuesday. Overall, Britain's Competitions and Markets Authority will as
Published 11 Oct, 2017 12:00am
Brazil may allow government to bail out struggling banks

Brazil may allow government to bail out struggling banks

Brazil may introduce legislation that allows the government to partially bail out struggling banks with taxpayer money as a measure of last resort, the newspaper Valor Economico reported on Monday. Before such a move, creditors and depositors could be for
Published 11 Oct, 2017 12:00am
Canada housing starts, building permits fall as long boom cools

Canada housing starts, building permits fall as long boom cools

Canadian housing starts dipped in September, but did not fall as much as expected, capping another quarter of strong home building growth, but a drop in August building permits suggested the long boom is cooling, separate reports showed on Tuesday. Ground
Published 11 Oct, 2017 12:00am
Morocco prepares to test 'fastest train in Africa'

Morocco prepares to test 'fastest train in Africa'

Engineers in Morocco are preparing to test the Arab world's first high-speed railway this week with trains reaching 320 kilometres (200 miles) per hour, the country's rail office said Monday. One train reached 275 kph (170 mph) on Monday along a stretch o
Published 11 Oct, 2017 12:00am
Egypt's inflation dips in September

Egypt's inflation dips in September

Egypt's key inflation indicators eased in September as the local market absorbed the impact of government fuel and energy price hikes earlier in the year, and analysts expect consumer prices to dip further in the coming months. Annual urban consumer price
Published 11 Oct, 2017 12:00am
Yukos shareholders give up fight for Russia's French assets

Yukos shareholders give up fight for Russia's French assets

A group of major shareholders in dismantled Russian oil giant Yukos announced Monday they were giving up their efforts to seize lucrative state assets as compensation in France following a series of legal setbacks. France seized Russian state assets worth
Published 11 Oct, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, the total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.402 billion and the number of lots traded was 8,152. PMEX Commodity Index closed at 2,979. Major business was contributed by gold
Published 11 Oct, 2017 12:00am
CBOT soyabean futures down on technical trade

CBOT soyabean futures down on technical trade

Chicago Board of Trade soyabean futures closed lower on Monday in technical trade, with the benchmark November contract turning down after encountering chart resistance near its 200-day moving average. CBOT November soyabeans settled down 5-1/2 cents at $
Published 11 Oct, 2017 12:00am
EU wheat slips to two-week low

EU wheat slips to two-week low

Euronext wheat futures eased on Monday, with the benchmark contract hitting a two-week low as weaker US prices and slow exports weighed on a market otherwise lacking clear direction. Volumes were light, with grain markets assessing evolving weather condit
Published 11 Oct, 2017 12:00am
Chinese steel rises as market eyes winter cuts
Exchange

Chinese steel rises as market eyes winter cuts

Shanghai steel rebar futures jumped nearly 3 percent on Monday as Chinese markets reopened after a week-long holiday, with investors anticipating production cuts in the world's top steel producer as the country fights smog. Prices of steelmaking raw mater
Published 11 Oct, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 192,139 tonnes of cargo comprising 144,254 tonnes of import cargo and 47,885 tonnes of export cargo including 8,746 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 14
Published 11 Oct, 2017 12:00am
Rising trend persists on cotton market
Cotton

Rising trend persists on cotton market

Rising trend gained momentum on the cotton market on Tuesday in the process of strong mills' buying, dealers said. The official spot rate maintained overnight rising trend, picking up more Rs 50 to Rs 6100, they said. In the ready session, around 25,000 b
Published 11 Oct, 2017 12:00am
US FOB Gulf corn, soyabean bids lower

US FOB Gulf corn, soyabean bids lower

Basis bids for corn, soyabeans and wheat shipped by barge to the US Gulf Coast were flat to weaker on Monday on easing freight costs and adequate supplies, traders said. FOB export premiums softened along with the weak CIF basis. Widespread weekend rains
Published 11 Oct, 2017 12:00am
Tokyo stocks gain as Topix hits 10-year high

Tokyo stocks gain as Topix hits 10-year high

Tokyo stocks closed higher on Tuesday and the Topix index hit a 10-year high after fears of North Korean threats eased, but Kobe Steel dived after it admitted falsifying quality data for products. The benchmark Nikkei 225 index gained 0.64 percent, or 132
Published 11 Oct, 2017 12:00am
Qatar index keeps recovering, banking and insurance hit Saudi bourse

Qatar index keeps recovering, banking and insurance hit Saudi bourse

Qatar's stock market continued to recover on Tuesday from last week's big losses, while Saudi Arabia's main index was dragged down by the banking and insurance sectors. The Qatari index rose for a third straight day in a technical rebound after hitting fi
Published 11 Oct, 2017 12:00am
Wall Street recedes from highs as quarterly reports loom
Exchange

Wall Street recedes from highs as quarterly reports loom

Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a drop in General Electric and a slide in healthcare stocks. The S&P healthcare index moved 0.67 percent lower, weighed by a 3.61-percent slid
Published 11 Oct, 2017 12:00am
Southeast Asian stocks: Thailand jumps to near 24-year high

Southeast Asian stocks: Thailand jumps to near 24-year high

Thai shares jumped to a near 24-year closing high on Tuesday after Prime Minister Prayuth Chan-ocha said the country will hold general elections in November next year, while Philippine stocks extended gains to close at a record level on positive trade dat
Published 11 Oct, 2017 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong shares shrugged off modest losses on Wall Street to end higher on Tuesday, aided by strong gains in telecoms and property firms. The Hang Seng index rose 0.6 percent, to 28,490.83 points, while the China Enterprises Index gained 0.3 percent, to
Published 11 Oct, 2017 12:00am
Indian shares surge

Indian shares surge

Indian shares climbed on Tuesday, with Infosys Ltd gaining after its shareholders approved a buyback plan while Lupin Ltd rose after winning US approval for its hypertension drug. However, broader gains were limited as investors hedged their bets before c
Published 11 Oct, 2017 12:00am
China stocks up

China stocks up

China stocks edged up on Tuesday, erasing early losses thanks mainly to gains in consumer and healthcare shares as investors awaited third-quarter economic data and earnings reports. The blue-chip CSI300 index, which at one point was down 0.7 percent, ros
Published 11 Oct, 2017 12:00am
European bourses down, brace for crucial Catalan meeting

European bourses down, brace for crucial Catalan meeting

European bourses ended the day slightly lower on Tuesday as investord braced themselves for a possible unilateral declaration of independence at the Catalan parliament, which, it is anticipated, would lead to turmoil on Spanish markets and beyond. Blue-ch
Published 11 Oct, 2017 12:00am
Sri Lankan shares soar

Sri Lankan shares soar

Sri Lankan shares ended marginally higher on Tuesday in heavy trade, near a nine-week closing high hit last week, as foreign buying boosted investor sentiment, brokers said. Foreign investors bought a net 499.3 million rupees ($3.25 million) worth of equi
Published 11 Oct, 2017 12:00am
Australian shares flat; New Zealand at record high

Australian shares flat; New Zealand at record high

Australian shares ended flat amid thin trade on Tuesday as a rally in smaller miners was offset by losses in financial stocks, which reversed the day's earlier gains. Australia's benchmark S&P/ASX 200 index fell 0.02 percent, or 1.158 points, to close at
Published 11 Oct, 2017 12:00am
Domestic banks help Britain's FTSE edge ahead

Domestic banks help Britain's FTSE edge ahead

Britain's top share index ended at a two-month high on Tuesday after domestic banks Royal Bank of Scotland and Lloyds rose following a broker upgrade on hopes of a softer exit from the European Union. Britain's blue-chip FTSE 100 index was up 0.4 percent
Published 11 Oct, 2017 12:00am
Dollar little changed against yen in Asia
Currency

Dollar little changed against yen in Asia

The dollar was little changed against the yen on Tuesday, with the market wary of potential North Korean provocations, while the euro extended gains following upbeat German data and hawkish-sounding comments from a European Central Bank official. The gree
Published 11 Oct, 2017 12:00am
Euro vaults to one-week high in Europe
Currency

Euro vaults to one-week high in Europe

The euro vaulted to a one-week high on Tuesday after Germany's trade data blew past expectations, boosting hopes the eurozone economy's outlook remained robust. The currency's rise this year has lost some momentum in recent days as political concerns - no
Published 11 Oct, 2017 12:00am
Early trade in New York: Euro rises to one-week high
Currency

Early trade in New York: Euro rises to one-week high

The euro hit a one-week peak on Tuesday as Germany rang up its best month for exports in a year in August and expectations grew that the European Central Bank may consider scaling back its asset purchases. The currency's rise this year had lost some momen
Published 11 Oct, 2017 12:00am
Dollar retreats from 10-week peak in New York
Currency

Dollar retreats from 10-week peak in New York

The dollar slipped on Monday from a 10-week peak against a basket of currencies as the euro strengthened and US stock prices faded from their initial highs. The euro was buoyed by data showing German industrial output notched its biggest monthly increase
Published 11 Oct, 2017 12:00am
Sri Lankan rupee lower
Currency

Sri Lankan rupee lower

The Sri Lankan rupee ended weaker on Tuesday on importer dollar demand amid low supply of the greenback from exporters and banks, dealers said. The spot rupee ended at 153.43/48 per dollar, compared with Monday's close of 153.30/35. "Today there was impor
Published 11 Oct, 2017 12:00am
Most Asian currencies up
Currency

Most Asian currencies up

Most Asian currencies turned firmer on Tuesday with the Korean won coming back well-refreshed from a week's holiday and China's resurgent yuan bolstering its regional peers. The Korean won rose to levels unseen in about two weeks in its first day of trade
Published 11 Oct, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 80.80-80.80 (previous 80.80-80.80).
Published 11 Oct, 2017 12:00am
Sterling strengthens against dollar

Sterling strengthens against dollar

Sterling strengthened against a weaker dollar on Tuesday, as forecast-beating British industry data cemented expectations that the Bank of England will raise interest rates for the first time in over a decade at its next policy meeting in November. Britis
Published 11 Oct, 2017 12:00am
Kiwi tumbles, Aussie rises
Currency

Kiwi tumbles, Aussie rises

The New Zealand dollar hovered near four-month lows on Tuesday on concerns the country's opposition Labour Party stood a fair chance at forming a ruling coalition after a final vote count turned the country's nail-biting election in its favour.
Published 11 Oct, 2017 12:00am
Iceland qualify for World Cup for first time

Iceland qualify for World Cup for first time

Less than 18 months after sensationally knocking England out of Euro 2016, Iceland qualified for the World Cup for the first time on Monday following a 2-0 win over Kosovo. Needing victory to guarantee top spot in European qualifying Group I, goals from E
Published 11 Oct, 2017 12:00am
Syria sorry as World Cup bid ends in tears

Syria sorry as World Cup bid ends in tears

Syria coach Ayman al-Hakim said Mahmoud al-Mawas's extra-time red card was the turning point as his war-torn team's fairytale World Cup bid ended in the Asian play-offs on Tuesday. Al-Hakim said the rank outsiders would have survived until penalties again
Published 11 Oct, 2017 12:00am
Peshawar International Marathon in December, says DG Sports

Peshawar International Marathon in December, says DG Sports

Director General (DG) Sports KP Junaid Khan Tuesday confirmed that the Pakistan's biggest Peshawar International Marathon Race of 42.5km will be organized in December this year wherein athletes from around 40 countries of the world participate.
Published 11 Oct, 2017 12:00am
South African T20 league postponed

South African T20 league postponed

South Africa's planned T20 Global League has been postponed for a year, potentially leaving a raft of players entitled to compensation. The decision was taken at a joint Cricket South Africa and T20 Global League board meeting on Tuesday. The South Africa
Published 11 Oct, 2017 12:00am
HBL Pakistan Super League: Multan Sultans pick first nine players

HBL Pakistan Super League: Multan Sultans pick first nine players

Multan Sultans kick-started HBL Pakistan Super League campaign on Tuesday with the announcement of their first nine picks in the expansion draft. Multan Sultans went with the experience of all-rounders Shoaib Malik and Kieron Pollard in their Platinum pic
Published 11 Oct, 2017 12:00am
New Zealand series: Pakistan women cricket team announced

New Zealand series: Pakistan women cricket team announced

The interim Women's Cricket Selection Committee headed by Basit Ali has announced a 14-member women's cricket squad along with four reserves to feature in the ICC Women's Championship Round-1 against the New Zealand Women Team. The three ODI and four T20I
Published 11 Oct, 2017 12:00am
Qualifying rounds of KP Junior Age Group Squash begin

Qualifying rounds of KP Junior Age Group Squash begin

Two-day qualifying rounds of the Khyber Pakhtunkhwa Junior Age Group Squash Championship got under way here at PAF Hashim Khan Squash Complex on Tuesday. Former World Champion and Vice President Pakistan Squash Federation Qamar Zaman was the chief guest o
Published 11 Oct, 2017 12:00am
Khawaja reveals racial abuse

Khawaja reveals racial abuse

Australia batsman Usman Khawaja has revealed he was racially abused so much growing up that he refused to support the national side, and claimed "racism" once played a role in selections for the team. The 30-year-old, who immigrated as a child, battled th
Published 11 Oct, 2017 12:00am
Australia beat India by 8 wickets in second T20

Australia beat India by 8 wickets in second T20

Batsman Moises Henriques hit 62 not out as Australia beat India by eight wickets in the second Twenty20 international in Guwahati on Tuesday. Chasing 119 for victory, the visitors depended on an unbeaten 109-run third-wicket stand between Henriques and Tr
Published 11 Oct, 2017 12:00am
Perera stars in Sri Lanka Test series win

Perera stars in Sri Lanka Test series win

Off-spinner Dilruwan Perera finished with five wickets to help Sri Lanka beat Pakistan by 68 runs in the second Test in Dubai on Tuesday and take the series 2-0. Perera had figures of 5-98 as Pakistan, chasing a tough 317 to win, were bowled out for 248 i
Published 11 Oct, 2017 12:00am
Wozniacki blasts past slumping Bouchard

Wozniacki blasts past slumping Bouchard

In-form Caroline Wozniacki started the defence of her WTA Hong Kong Open title in rampant style by blowing away Eugenie Bouchard 6-1, 6-1 on Tuesday. Wozniacki, seeded three and a recent winner of the Pan Pacific Open in Tokyo, dominated the first-round m
Published 11 Oct, 2017 12:00am
Belgium suspends aid for Palestinian schools over name row

Belgium suspends aid for Palestinian schools over name row

Belgium said Tuesday it has suspended education aid projects with the Palestinian Authority after discovering a school it paid for had been named after a woman who led a deadly attack on a bus in 1978. The Belgian foreign ministry said they had recently l
Published 11 Oct, 2017 12:00am
Death penalty has 'no place in 21st century': UN chief

Death penalty has 'no place in 21st century': UN chief

UN Secretary-General Antonio Guterres called for an end to the death penalty Tuesday, insisting it has "no place in the 21st century." He urged member states that still execute convicts to join the 170 countries that have halted or abolished the practice,
Published 11 Oct, 2017 12:00am
11 dead, thousands homeless in California wildfire

11 dead, thousands homeless in California wildfire

Firefighters battled wind-whipped wildfires Tuesday in California which have left at least 11 people dead, thousands homeless and ravaged the state's famed wine country. California Governor Jerry Brown declared a state of emergency in three northern count
Published 11 Oct, 2017 12:00am
Jittery Spain awaits Catalan independence outcome

Jittery Spain awaits Catalan independence outcome

Spain held its breath Tuesday ahead of a crucial Catalan parliamentary session, waiting to see if regional leader Carles Puigdemont would defy Europe-wide pleas for unity and follow through on his threat of declaring independence from Madrid. But just as
Published 11 Oct, 2017 12:00am
Egyptian legal scholar wins top rights prize

Egyptian legal scholar wins top rights prize

An Egyptian legal scholar and a leading figure in his country's embattled rights movement won one of the world's most prestigious human rights prizes on Tuesday. Mohamed Zaree, who heads the Egypt country office of the Cairo Institute for Human Rights Stu
Published 11 Oct, 2017 12:00am
UN slaps global port ban on ships for North Korea sanctions violations

UN slaps global port ban on ships for North Korea sanctions violations

The UN has slapped a global port ban on four vessels found violating sanctions against North Korea, the head of an expert panel said Monday in what he described as an unprecedented move. "There are four vessels that have been designated by the committee.
Published 11 Oct, 2017 12:00am
New Dutch coalition seals 'ambitious' government pact

New Dutch coalition seals 'ambitious' government pact

Four Dutch parties officially sealed a pact Tuesday for a fragile, new coalition after a record 209 days of bargaining, unveiling plans to govern the Netherlands for the coming years. The deal, which will see the government shift more to the right, was ap
Published 11 Oct, 2017 12:00am
Ireland unveils loans to help small businesses cope with Brexit

Ireland unveils loans to help small businesses cope with Brexit

The Irish government unveiled Tuesday a 300-million-euro ($354 million) loan scheme for small businesses buffeted by Brexit, in a move designed to spur innovation and investment needed to tap new markets. The loan scheme for small and medium-sized busines
Published 11 Oct, 2017 12:00am
EU's Tusk sets December deadline for Brexit breakthrough

EU's Tusk sets December deadline for Brexit breakthrough

EU President Donald Tusk warned on Tuesday that the bloc may rethink whether a Brexit deal is possible if there is no progress towards trade talks by December as hoped. With the two sides exchanging barbs about who is to blame about the sluggish pace of t
Published 11 Oct, 2017 12:00am
Most US police killings go uncounted on death certificates

Most US police killings go uncounted on death certificates

More than 1,100 people were killed by police in the United States in 2015, but less than half of these deaths were correctly documented by government officials, researchers said Tuesday. The study in the journal PLOS Medicine is the first to measure under
Published 11 Oct, 2017 12:00am
Russian jet crashes in Syria, crew killed

Russian jet crashes in Syria, crew killed

A Sukhoi military jet crashed while trying to take off from Russia's Hmeimim base in Syria on Tuesday, killing the crew, Russian news agencies quoted a military spokesman as saying. "The Su-24 plane rolled off the runway and broke up while accelerating fo
Published 11 Oct, 2017 12:00am
Moscow says US 'pretending' to fight IS in Iraq

Moscow says US 'pretending' to fight IS in Iraq

Moscow accused the US on Tuesday of reducing air strikes against the Islamic State group in Iraq to let jihadists into Syria and fight the Russian-backed Syrian army, claims the Pentagon denied. Russian military spokesman Igor Konashenkov said the Syrian
Published 11 Oct, 2017 12:00am
Brazil's 2017-18 grain output may drop due to weather

Brazil's 2017-18 grain output may drop due to weather

Brazilian farmers will likely produce a smaller amount of corn and soya in the 2017/18 season due to less favorable weather than the prior crop year, food supply and statistics agency Conab said on Tuesday. In its first forecast for the 2017/18 crop, Cona
Published 11 Oct, 2017 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai copper slipped on Tuesday after stagnating overnight, buoyed by a weaker dollar following a steep drop in Shanghai steel prices, while nickel continued its advance. The most-traded copper contract on the Shanghai Futures Exchange slipped 0.42 per
Published 11 Oct, 2017 12:00am
Copper hits four-week high on potential China shortages
Exchange

Copper hits four-week high on potential China shortages

Copper prices reached their highest level in four weeks on Tuesday as speculators kept buying in response to expectations of potential shortages in China. China announced plans in July and August to curb waste imports, including scrap metal, but it was un
Published 11 Oct, 2017 12:00am
Oil rises two percent on signs rebalancing underway

Oil rises two percent on signs rebalancing underway

Oil prices rose about 2 percent on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply. Saudi Arabia has cut November allocations by 560,000 barr
Published 11 Oct, 2017 12:00am
Rubber jumps
Exchange

Rubber jumps

Benchmark Tokyo rubber futures hit a one-and-a-half-week low on Tuesday as Shanghai futures turned lower in afternoon trade and stayed close to a three-month low. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in South
Published 11 Oct, 2017 12:00am
Malaysian palm oil snaps winning streak
Exchange

Malaysian palm oil snaps winning streak

Malaysian palm oil futures declined sharply in late trade on Tuesday after five straight sessions of gains, tracking weakness in related edible oils on China's Dalian Commodity Exchange and also on data from the Malaysian Palm Oil Board (MPOB). The benchm
Published 11 Oct, 2017 12:00am
Cocoa claws up from plunge, raw sugar up on cane crush

Cocoa claws up from plunge, raw sugar up on cane crush

Cocoa futures on ICE rose on Tuesday, with the New York market buoyed by strength in sterling after a plunge the previous day, while raw sugar climbed on a lower-than-expected cane crush from top grower Brazil. December New York cocoa settled up $37, or 1
Published 11 Oct, 2017 12:00am
Gold surges in New York

Gold surges in New York

Gold prices rose on Monday, erasing all of the previous week's losses, as a weaker dollar and the resilience of a key chart level removed some downward pressure, while the return of Chinese buyers to the market also lent support. Prices bounced after fall
Published 11 Oct, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices inched up to their highest in more than a week on Tuesday, drawing support from geopolitical tensions and a softer dollar, but expectations of another US Federal Reserve interest rate hike this year curbed upside momentum. Spot gold was up 0.3
Published 11 Oct, 2017 12:00am
Gold climbs in Europe
Currency

Gold climbs in Europe

Gold touched its highest in nearly two weeks on Tuesday, supported by a softer dollar and geopolitical tensions in Spain and North Korea, though gains were capped by expectations of another US interest rate increase. Investors were particularly wary on Tu
Published 11 Oct, 2017 12:00am
China's semi-finished aluminium exports fall

China's semi-finished aluminium exports fall

China's semi-finished aluminium exports fell for a third straight month in August as punitive duties imposed by the United Sates and India on Chinese aluminium foil leave manufacturers struggling to find alternative markets. Semi-finished exports stood at
Published 11 Oct, 2017 12:00am
US MIDDAY: gold rises
Currency

US MIDDAY: gold rises

Gold touched its highest in nearly two weeks on Tuesday, supported by a softer dollar and geopolitical tensions in Spain and North Korea, though gains were capped by expectations of another US interest rate increase. Investors were particularly wary on Tu
Published 11 Oct, 2017 12:00am
KE terms Nepra's decision on MYT appeal 'unfavourable'

KE terms Nepra's decision on MYT appeal 'unfavourable'

K-Electric on Tuesday termed the National Electric Power Regulatory Authority's decision on Multi-Year Tariff (MYT) appeal as "unfavourable" for the power utility's investment plans. The integrated multi-year tariff determination, which is in response to
Published 11 Oct, 2017 12:00am
12 Pakistanis deported from Greece

12 Pakistanis deported from Greece

Twelve Pakistanis deported from Greece arrived at the Islamabad's Benazir Bhutto International Airport on Tuesday. The deportees reached Islamabad via private airline. On arrival at the airport, all 12 had been arrested by the immigration authorities.
Published 11 Oct, 2017 12:00am
Zardari vows to merge Fata with KP

Zardari vows to merge Fata with KP

Former president and co-chairman of Pakistan Peoples Party (PPP), Asif Ali Zardari on Tuesday vowed that his party will merge the Federally Administered Tribal Areas (Fata) with Khyber Pakhtunkhwa at any cost. Addressing a PPP workers' convention in Pesha
Published 11 Oct, 2017 12:00am
NAB arrests two accused in land scam case

NAB arrests two accused in land scam case

National Accountability Bureau, Karachi office here on Tuesday arrested Jahangir Khan Marri and Ghulam Rasool allegedly involved in illegal transfer of 192 acres of precious land in Gharo, district Thatta. Bails of the two, wanted in a reference involving
Published 11 Oct, 2017 12:00am
PIA to present business plan to cabinet next week

PIA to present business plan to cabinet next week

Pakistan International Airlines (PIA) is presenting a comprehensive business plan to the federal cabinet next week for its revival through an effective strategy to "turn around" national flag career. This was stated by Advisor to Prime Minister on Aviatio
Published 11 Oct, 2017 12:00am
Pakistan Engineering Company Limited

Pakistan Engineering Company Limited

Initially established under the name of Batala Engineering Company (BECO) in 1950, the Pakistan Engineering Company (PECO) produced light engineering products. Historically, the company manufactured high quality machine tools, pumps, power looms, concrete
Published 11 Oct, 2017 12:00am
Pakistan Engineering Company Limited

Pakistan Engineering Company Limited

Initially established under the name of Batala Engineering Company (BECO) in 1950, the Pakistan Engineering Company (PECO) produced light engineering products. Historically, the company manufactured high quality machine tools, pumps, power looms, concrete
Published 11 Oct, 2017 12:00am
Afghan-Pakistan border villages brace for Berlin Wall-style divide

Afghan-Pakistan border villages brace for Berlin Wall-style divide

Thousands of Pashtun tribal people who for decades ignored the invisible line that bisects their dusty villages and demarcates the Afghanistan-Pakistan frontier are bracing for a Berlin Wall-style divide of their neighbourhoods. Pakistan, worried by attac
Published 11 Oct, 2017 12:00am
JUI-F to hold tribal youth conference on October 14

JUI-F to hold tribal youth conference on October 14

Jamiat-e-Ulema Islam-Fazl (JUI-F) Fata has announced to organise a grand tribal youth conference in Peshawar on October 14, and warned that the party workers and tribal youth will stage "sit-in" outside building of provincial assembly, if the district adm
Published 11 Oct, 2017 12:00am
ECP adjourns hearing of reference against Gulalai's disqualification

ECP adjourns hearing of reference against Gulalai's disqualification

The Election Commission of Pakistan (ECP) on Tuesday adjourned the hearing of a reference filed against disqualification of disgruntled Pakistan Tehreek-e-Insaf (PTI) parliamentarian Ayesha Gulalai. A five-member bench of the ECP, headed by the chief elec
Published 11 Oct, 2017 12:00am
Imran accuses Nawaz of weakening democratic institutions

Imran accuses Nawaz of weakening democratic institutions

Pakistan Tehreek-e-Insaf Chairperson Imran Khan lashed out at political opponents and claimed that Pakistan Muslim League-Nawaz is attacking institutions and weakening democratic institutions. The PTI chief said that "Jews don't need to indulge in conspir
Published 11 Oct, 2017 12:00am
President for stronger ties with Malaysia, Sweden

President for stronger ties with Malaysia, Sweden

President Mamnoon Hussain on Tuesday said Pakistan attached great important to its ties with Malaysia and Sweden and desires to enhance trade relations, along with cultural and people to people contacts with both the countries. The President said this whi
Published 11 Oct, 2017 12:00am
New Zealand HC, Bosan explore areas of mutual cooperation
Cotton

New Zealand HC, Bosan explore areas of mutual cooperation

Federal Minister for National Food Security and Research Sikander Hayat Bosan has said Pakistan is exporting many agricultural products like rice, cotton, wheat, mango and citrus. Emmon O Shaunessy, High Commissioner for New Zealand resident in Tehran pai
Published 11 Oct, 2017 12:00am
London Mayor Sadiq Khan to visit Pakistan

London Mayor Sadiq Khan to visit Pakistan

London Mayor Sadiq Khan will visit India and Pakistan later this year to promote the UK capital and build trade and cultural links, his office said in a statement. The mayor will tell governments and business leaders that London is still open to people fr
Published 11 Oct, 2017 12:00am
Teachers' strike halts academic activities in KP, Fata

Teachers' strike halts academic activities in KP, Fata

Government teachers' strike against proposed board of governors system in colleges has prompted a halt in all educational activities in state-run colleges across Khyber Pakhtunkhwa, and Federally Administered Tribal Areas. The Khyber Pakhtunkhwa Professor
Published 11 Oct, 2017 12:00am
4000 mosques being shifted on solar energy: Khattak

4000 mosques being shifted on solar energy: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that the provincial government was converting 4000 mosques on solar energy throughout the province. The government he added was also contemplating to pay the Pesh Imam of mosques in order to resolv
Published 11 Oct, 2017 12:00am
Benazir murder case: key accused reinstated as SSP Special Branch

Benazir murder case: key accused reinstated as SSP Special Branch

Khurram Shahzad, the former Superintendent of Police (SP)-Rawal, who is one of those accused in the Benazir Bhutto murder case was reinstated Monday night as the Senior Superintendent of Police (SSP) Special Branch. According to a report, Shahzad took ove
Published 11 Oct, 2017 12:00am
NTC's HR, admin consume 80 percent of budget: Senate body told
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NTC's HR, admin consume 80 percent of budget: Senate body told

The human resource and administrative work cost of National Telecommunication Corporation (NTC) goes to 80 percent of the budget, leaving only 20 percent for other expenses and development projects. This was stated by the NTC official while briefing the S
Published 11 Oct, 2017 12:00am
'Healthy lifestyle can prevent hypertension'

'Healthy lifestyle can prevent hypertension'

Hypertension and heart diseases can be prevented by adapting healthy lifestyle, promoting exercise and avoiding junk food, unhealthy diet and obesity. This was stated by University of Agriculture Faisalabad Vice Chancellor Dr Muhammad Iqbal Zafar while ad
Published 11 Oct, 2017 12:00am
PDWP okays Rs 199 million for HMIS project

PDWP okays Rs 199 million for HMIS project

The Punjab Provincial Development Working Party approved has Rs 199 million for Consultancy for HMIS in Tertiary Care Hospitals in Punjab "Health Reform & Revamp and Health Informatics (HMIS) Project" (PC-II) The approval was given in PDWP's 21st meeting
Published 11 Oct, 2017 12:00am
World Mental Health Day observed

World Mental Health Day observed

World Mental Health Day-2017 was marked here on Tuesday like other parts of the globe with a renewed pledge to continue efforts for raising awareness in the people about the precautionary measures and treatment of mentally deranged patients so that they c
Published 11 Oct, 2017 12:00am
Khattak directs CS to help resolve issues of disputed land

Khattak directs CS to help resolve issues of disputed land

Chief Minister Khyber Pakhtunkhwa Pervez Khattak directed the Chief Secretary Muhammad Azam Khan to find a solution to the claims of people of the Chamba, Jarma and Kundiali and other disputed land in district Kohat. The Chief Secretary would submit recom
Published 11 Oct, 2017 12:00am
KE vows to meet growing energy challenges

KE vows to meet growing energy challenges

K-Electric's chief marketing communication officer, Syed Fakhar Ahmad, on Tuesday said the power utility is committed to dealing with the growing energy challenges of Karachi. Addressing the media during their visit to 560 MW Bin Qasim Power Plant-II, Fak
Published 11 Oct, 2017 12:00am
Shahbaz visits ailing Dr Amjad Saqib

Shahbaz visits ailing Dr Amjad Saqib

Punjab Chief Minister Shahbaz Sharif Tuesday visited the residence of Dr Amjad Saqib, Vice Chairman Punjab Educational Endowment Fund. He inquired after him and prayed for his good health. He also presented bouquet to Dr Amjad Saqib on the occasion.
Published 11 Oct, 2017 12:00am
First 'multi-disciplinary' clinic to be launched soon

First 'multi-disciplinary' clinic to be launched soon

A high-level meeting between CEO PBIT Jahanzeb Burana and Canadian Medical Group (CMG) was held with a goal to launch the first "multi-disciplinary" clinic of CMG in Lahore soon. CMG delegation was led by Vice President Kazim Merchant while VP Business De
Published 11 Oct, 2017 12:00am
HRCP urges government to suspend death penalty

HRCP urges government to suspend death penalty

On the World Day against the Death Penalty on October 10, the Human Rights Commission of Pakistan (HRCP) has urged the government to urgently institute safeguards to ensure that a generalized resumption of executions does not violate Pakistan's human righ
Published 11 Oct, 2017 12:00am
GE Lighting, IEC announce strategic partnership

GE Lighting, IEC announce strategic partnership

The Imperial Electric Company (IEC), a premiere engineering company, and GE Lighting, announced Tuesday a strategic partnership aimed at creating a channel platform to identify and deliver the cost effective and efficient GE Lighting capabilities across a
Published 11 Oct, 2017 12:00am
Maleeha slams India for using pellet guns on protesters in IHK

Maleeha slams India for using pellet guns on protesters in IHK

Pakistan's permanent representative to the UN Maleeha Lodhi condemned India on Tuesday for the aggressive use of pellet guns against peaceful protestors in occupied Kashmir, calling the act as "first mass blinding in human history." While addressing the G
Published 11 Oct, 2017 12:00am
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